Airbus cancels dividend payments

 Breaking News
  • Microsoft, Amazon and eBay are at record highs On Tuesday, securities of Microsoft Corp, Inc and eBay Inc broke records. The rush of investors’ demand for the shares of those companies involved in electronic commerce caused such...
  • Quarantine in Hong Kong is not for everyone Hong Kong is rescuing its stock exchange. In order to give life to the trading platform, the administration of the metropolis has shown flexibility concerning quarantine measures. So, Christopher Hui...
  • Economy of Japan demonstrates recession In the first quarter of this year, the economy of the Land of the Rising Sun dropped by 0.6% in monthly terms. The figures are not optimistic but are better...
  • Energy market news On Saturday, representatives of the countries included in the OPEC+ cartel managed to agree on the extension of the restrictions on oil production. It also became known that those countries...
  • Bentley fires employees in order to prevent losses in 2020 The Bentley brand has long been synonymous with luxury living. Unfortunately, the British automaker has to save because of a forced two-month break. The company’s CEO Adrian Hallmark said to...
Airbus cancels dividend payments
March 23
13:00 2020

A famous European aerospace giant Airbus has issued a press release. It reports that the company is withdrawing a proposal of dividend payment for 2019. Their total volume was to reach 1.4 billion euros. The management of the concern has withdrawn the forecast for 2020 too. The market uncertainty caused by the unpredictable course of the coronavirus pandemic was the main reason behind it.

This is a difficult time for the company; cash is being drawn thanks to a loan of 3 billion euros. These funds are clearly not enough to keep the concern afloat. So the board of directors of the European giant has decided to open another credit line in the amount of 15 billion euros.

Airbus reassured investors by saying that the company had developed a clear anti-crisis plan to help maintain liquidity even in protracted crisis.

However, today, this news has caused the fall of Airbus shares by 8.8%.


The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group

Related Articles


No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment